FirstEnergy Corporation Company Profile (NYSE:FE)

FirstEnergy Corp. is a holding company. The Company is engaged in holding, directly or indirectly, all of the outstanding equity of its principal subsidiaries. Its segments include Regulated Distribution, Regulated Transmission, Competitive Energy Services (CES) and Corporate/Other. As of December 31, 2016, the Regulated Distribution segment distributed electricity through the Company's 10 utility operating companies, serving approximately six million customers, and purchased power for its provider of last resort (POLR), standard offer service (SOS), standard offer service (SSO) and default service requirements in Ohio, Pennsylvania, New Jersey and Maryland. The Regulated Transmission segment transmits electricity through transmission facilities owned and operated by American Transmission Systems, Incorporated (ATSI) and Trans-Allegheny Interstate Line Company (TrAIL). The CES segment primarily supplies electricity to end use customers through retail and wholesale arrangements.

What is FirstEnergy Corporation's stock symbol?

FirstEnergy Corporation trades on the New York Stock Exchange (NYSE) under the ticker symbol "FE."

How often does FirstEnergy Corporation pay dividends? What is the dividend yield for FirstEnergy Corporation?

FirstEnergy Corporation announced a quarterly dividend on Tuesday, September 19th. Investors of record on Tuesday, November 7th will be given a dividend of $0.36 per share on Friday, December 1st. This represents a $1.44 dividend on an annualized basis and a yield of 4.63%. The ex-dividend date is Monday, November 6th. View FirstEnergy Corporation's Dividend History.

How were FirstEnergy Corporation's earnings last quarter?

FirstEnergy Corporation (NYSE:FE) announced its earnings results on Thursday, July, 27th. The company reported $0.61 EPS for the quarter, hitting the consensus estimate of $0.61. The firm earned $3.30 billion during the quarter, compared to analyst estimates of $3.38 billion. FirstEnergy Corporation had a negative net margin of 35.59% and a positive return on equity of 15.41%. The business's revenue for the quarter was down 3.0% on a year-over-year basis. During the same period in the previous year, the firm posted $0.56 EPS. View FirstEnergy Corporation's Earnings History.

When will FirstEnergy Corporation make its next earnings announcement?

What guidance has FirstEnergy Corporation issued on next quarter's earnings?

FirstEnergy Corporation issued an update on its FY17 earnings guidance on Thursday, July, 27th. The company provided EPS guidance of $2.70-3.00 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $2.80. FirstEnergy Corporation also updated its Q3 guidance to $0.75-0.90 EPS.

Where is FirstEnergy Corporation's stock going? Where will FirstEnergy Corporation's stock price be in 2017?

13 brokers have issued 1 year price objectives for FirstEnergy Corporation's shares. Their forecasts range from $31.00 to $40.00. On average, they anticipate FirstEnergy Corporation's share price to reach $33.84 in the next year. View Analyst Ratings for FirstEnergy Corporation.

What are analysts saying about FirstEnergy Corporation stock?

Here are some recent quotes from research analysts about FirstEnergy Corporation stock:

1. According to Zacks Investment Research, "Shares of FirstEnergy's have gained higher than the industry in the last three months. FirstEnergy’s modernization drive and new generation asset additions have led to its ambitious “Energizing the Future” plan aimed at upgrading and expanding its transmission capabilities. FirstEnergy is also gaining from industrial load growth. The company is working to transform itself into a regulated company by mid of 2018. It has secured regulatory approvals for base rate increase in Pennsylvania, New Jersey and Ohio which are expected to boost its top line in 2017. However, FirstEnergy’s higher debt/capital ratio compared with peers may further drive up its cost of capital in the rising interest rate environment. High competition in the wholesale and retail electric markets can affect its top line. In addition, stringent regulatory norms, mild weather and intensifying competition are some of the headwinds." (9/26/2017)

2. Goldman Sachs Group, Inc. (The) analysts commented, "Following significant underperformance, with FE ' versus the XLU ' down 10%/19%/27% over the last 6, 12 and 24 months, we upgrade FE to Buy given (1) an attractive relative valuation on a sum of the parts basis ' even after assuming a drag related to the non-regulated or competitive segment, and (2) potential positive catalysts which highlight the value of the core regulated segments. We recognize challenges exist for FE's merchant power segment. But with FE discussing restructuring options, based on EIX's experience in 2012-2014, we view a potential resolution as a positive catalyst, driving an SOTP implied total return of 14% vs. 2% for peers under coverage." (3/23/2017)

3. Jefferies Group LLC analysts commented, "FE reported in-line quarterly estimates and, keeping with their plan to become a regulated utility, took a $9.2B charge associated with the write-down of their competitive assets. While we believe management will be successful in transitioning the company we struggle to see the stock achieving a "regulatedtype" valuation during this period and maintain our Hold rating." (2/23/2017)

Who sold FirstEnergy Corporation stock? Who is selling FirstEnergy Corporation stock?

FirstEnergy Corporation's stock was sold by a variety of institutional investors in the last quarter, including Balyasny Asset Management LLC, Old Mutual Global Investors UK Ltd., Ameriprise Financial Inc., State Street Corp, Numeric Investors LLC, Los Angeles Capital Management & Equity Research Inc., State of Tennessee Treasury Department and AJO LP. Company insiders that have sold FirstEnergy Corporation stock in the last year include Charles D Lasky and Donald R Schneider. View Insider Buying and Selling for FirstEnergy Corporation.

FirstEnergy Corporation's stock was acquired by a variety of institutional investors in the last quarter, including Vanguard Group Inc., BlackRock Inc., Brookfield Asset Management Inc., Thompson Siegel & Walmsley LLC, Parametric Portfolio Associates LLC, Great West Life Assurance Co. Can, State of New Jersey Common Pension Fund D and American Century Companies Inc.. Company insiders that have bought FirstEnergy Corporation stock in the last two years include Donald T Misheff and Steven E Strah. View Insider Buying and Selling for FirstEnergy Corporation.

MarketBeat's community ratings are surveys of what our community members think about FirstEnergy Corporation and other stocks. Vote "Outperform" if you believe the stock will outperform the S&P 500 over the long term. Vote "Underperform" if you believe the stock will underperform the S&P 500 over the long term. You may vote once every thirty days.

MarketBeat calculates consensus ratings using the most recent rating from each brokerage that has rated a stock within the last twelve months. Since brokers often use different ratings systems, each rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings. Each stock's consensus rating is derived from its calculated consensus ratings score (0-1.5 = Sell, 1.5-2.5 = Hold, 2.5-3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months.

MarketBeat will no longer include ratings and price target data in its consensus calculation if a broker drops coverage and MarketBeat has received a report that coverage was dropped. Ratings from certain research firms that issue ratings using purely quantitative methods (such as Zacks, Vetr and ValuEngine) are not included in consensus calculations. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.